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European Parliament Votes to Cut Carbon Permit Supply
(Tuesday, December 10, 2013) The European Parliament voted on Tuesday to remove surplus permits from the carbon market from next year to prop up allowance prices on the EU Emissions Trading Scheme (ETS), ending months of argument over the plan.
U.S. Justices Voice Support for Air Pollution Regulation
(Tuesday, December 10, 2013) U.S. Supreme Court justices offered President Barack Obama's administration some encouragement on Tuesday as they weighed the lawfulness of a federal regulation limiting air pollution that crosses state lines.
Poland's Lotos and Azoty Plan $3.9 Bln Petrochemical Plant
(Tuesday, December 03, 2013) State-controlled Polish chemicals companies Grupa Lotos and Grupa Azoty have announced plans to build a 12-billion zloty ($3.87 billion) petrochemical plant by the end of the decade to reduce their reliance on imports.
Ineos to Expand Norway Petchem Plant Capacity, Build Furnace
(Tuesday, December 03, 2013) Ineos is building a new furnace at its petrochemical plant in Rafnes, Norway as it expands capacity to use the U.S. shale gas it will store in a gas tank under construction at the site, the chemicals and refinery company said on Tuesday.
CB&I Wins Contract for Texas Ethane Cracker
(Monday, December 02, 2013) An OxyChem-Mexichem JV has awarded CB&I an approximately $1 billion contract for an ethane cracker and associated utilities and offsites in Ingleside, Texas.
Dow Chemical to Exit Century-Old Chlorine Business
(Monday, December 02, 2013) Dow Chemical Co said it would sell a bulk of its chlorine operations - its oldest business - as part of its plan to sell or spin off commodity chemicals assets worth up to $4 billion.
Yara Halts Production in Libya on Gas Supply Problems: Report
(Friday, November 29, 2013) Norwegian fertilizer maker Yara had to shut production at its Libyan subsidiary Lifeco once again due to gas supply problems, and the timing of the restart is uncertain, the firm tells news agency TDN.
Sumitomo Chemical Sees Finance Approval for Rabigh II Early in 2014
(Wednesday, November 27, 2013) Sumitomo Chemical Co Ltd expects to win project finance approval for the $7 billion expansion of a petrochemical project in Saudi Arabia in the first half of 2014 despite a series of problems at the existing complex, its president said.
Italy M&G Chemicals Bets on China Growth with $600 Mln HK IPO
(Wednesday, November 27, 2013) Italian plastics group M&G Chemicals plans to raise about $600 million in a Hong Kong IPO, set to be the biggest new listing by an overseas company in the city in two years.
OCI to Build New Methanol Plant in SE Texas
(Friday, November 22, 2013) OCI N.V. announced Thursday that Natgasoline LLC, a wholly owned subsidiary, plans to build a new greenfield world scale methanol plant in Beaumont, Texas.
GE to Support Building of World's Largest Liquid Cracker in Egypt
(Monday, November 18, 2013) The naptha cracker project is part of the Tahrir Petrochemicals Complex worth $4.8 billion, said the CEO of Carbon Holdings.
Petronas, Eni's Versalis Ink Joint Venture to Make Synthetic Rubbers
(Friday, November 15, 2013) Petroliam Nasional Bhd (Petronas), Malaysia's state oil firm, and Italian oil company Eni's chemical unit said they have inked a joint venture agreement to make synthetic rubber in the Southeast Asian nation.
Odebrecht Eyes Petchem Complex in West Virginia
(Thursday, November 14, 2013) West Virginia Gov. Earl Ray Tomblin and Odebrecht announced Thursday that Odebrecht will explore the development of a new petrochemical complex in Wood County, West Virginia.
PetroChina Turns Off Gas to Fertilizer Plant As Shortage Hits
(Wednesday, November 13, 2013) PetroChina has switched off the natural gas supply to fertilizer producer Cangzhou Dahua Co Ltd, the company said in a statement on Wednesday, another sign of the country's shortage of the fuel heading into winter.
Jacobs Wins China IPMT Services Contract from Honeywell
(Tuesday, November 12, 2013) Jacobs Engineering Group Inc. has received a contract from Honeywell to provide Integrated Project Management Team (IPMT) services for a new production project in Zhangjiagang City, Jiangsu Province, the People’s Republic of China.
BASF CEO Says Electricity Grid Fees Put Jobs at Risk-Paper
(Monday, November 11, 2013) BASF chief executive Kurt Bock said German jobs could be lost if the chemicals giant has to start paying electricity grid fees to shift the burden of funding a renewable energy infrastructure to large companies.
Indonesia's Pertamina Restarts Refinery-Petrochemical Plant
(Friday, November 08, 2013) Indonesia's state energy firm Pertamina said it had restarted a refining and petrochemical complex in East Java province owned by TPPI, in a move aimed at reducing imports of oil products and chemicals.
Britain Starts Paying Cash to Help Industry with EU CO2 Costs
(Friday, November 08, 2013) Britain has begun paying firms millions of pounds in compensation to industrial companies help shield them from higher energy bills due to European carbon permits, a government spokeswoman said on Thursday.
Saudi Kayan Drops Plans to Build New Petchem Plant
(Thursday, November 07, 2013) Saudi Kayan has dropped plans to build an ultra-high molecular-weight polyethylene (UHMWPE) plant in Jubail, one of Saudi Arabia's major industrial hubs, it said on Thursday.
KBR to Perform Ammonia Plant Revamp Study in Algeria
(Thursday, November 07, 2013) KBR has been awarded a contract by Fertial SpA to conduct a study that will improve safety, reliability and energy efficiency of two Algerian ammonia plants.